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Nordstrom family members weigh taking the retailer private

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Nordstrom’s stock jumped today after the company said a group of Nordstrom family members is considering taking the company private. Like all department stores, Nordstrom has been battling a decline in shopping mall traffic and competition from online retailers. The company reported weaker-than-expected sales last month and warned of a sluggish year ahead. Among other benefits, going private would give the company a break from those pesky quarterly announcements.

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